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F10 info batch 5

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- 6 Months
- For teams with great first prototypes
- F10 will support the start ups to create a minimal viable product
- Startups are accompanied on founding and funding company
- Lessons and workshops into six units for a total of 30 days
- Support on supplement teams
- Access to SIX, Julius Bär Bank, PwC Switzerland, Generali Insurances, Baloise Group, Raiffeisen, ZKB, ERI Bancaire and eny Finance members and mentors network
- CHF 15’000.– reimbursement for each team

Published in: Economy & Finance
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F10 info batch 5

  1. 1. F10 FinTech Incubator & Accelerator Q & A Session Thomas Landis / James Sanders Head of F10 / Startup Coaches F10
  2. 2. A Dozen Reasons Why Startups Fail F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 1. No funding 2. Poor team 3. Poor product 4. Bad timing 5. No customers 6. Competition Here is where F10 FinTech Incubator & Accelerator helps! 7. Lack of focus 8. Lack of passion 9. Bad location 10. Not profitable 11. Burn out 12. Legal issues
  3. 3. F10 FINTECH INCUBATOR & ACCELERATOR Corporate Members – Q1 2019 Q & A Session
  4. 4. F10 is Located in Zurich – Switzerland in the Heart of Europe F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session F10
  5. 5. F10 is Located in the Heart of Zürich F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session F10
  6. 6. Program Framework Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable F10 FINTECH INCUBATOR & ACCELERATOR Product Development, Go To Market & Market Growth Open Innovation Funnel Q & A Session
  7. 7. Program Framework Idea To Prototype (P1) Prototype To Product (P2) Product To Market (P3) Member Roundtable F10 FINTECH INCUBATOR & ACCELERATOR Product Development, Go To Market & Market Growth Open Innovation Funnel Q & A Session
  8. 8. Week 5 April 6-9 FINALIZE BUSINESSPLAN, LAUNCH MVP, DEMO DAY & GRADUATION Week 4 March 9-13 GET READY FOR INVESTORS LEGAL & REGULATIONS Week 3 January 20-24 PRODUCT / MARKET FIT MARKETING & SALES STRATEGY Week 2 December 2-6 PROBLEM / SOLUTION FIT BUSINESS, PRODUCT & TECH. Week 1+2 October 21 – November 1 UNDERSTAND THE CUSTOMER PROBLEM, VISION, TEAM, BUSINESS MODEL P2 – Schedule 2019/2020 F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
  9. 9. P2 – Program Details F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 6 Months (October 21– April 9) For teams with great first prototypes, to create a minimal viable product Lessons and workshops into five units for a total of 30 days Access to Corporate Sponsors, Banks, members and mentor network CHF 15’000.– reimbursement for each team, if Milestones are reached
  10. 10. F10 Core Team Q & A Session
  11. 11. F10 Association Board Members F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session
  12. 12. F10 Mentor Community >60 mentors Q & A SessionF10 FINTECH INCUBATOR & ACCELERATOR
  13. 13. P2 – Criteria for Startups F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Teams / Startups with a prototype (Click version or good PowerPoint are ok) Real problem has been identified and validated At least 2 team members working 100% on the project & present during Masterclasses in Zurich-Switzerland Online participation of the program is possible, but presence during the 6 training weeks in Zurich is mandatory
  14. 14. F10 FINTECH INCUBATOR & ACCELERATOR 21 Oct – 1 Nov Program Launch Masterclass 1 Week 1+2 2-6 December Masterclass 2 Week 8 20-24 January Masterclass 3 Week 12 9-13 March Masterclass 4 Week 19 6-9 April Demo Day Masterclass 5 Week 26 2019 Key Dates Deadline - June 2 Application Period 25 Jun – 2 Jul Online Interviews (top 60) 22-23 August Speed Dating (top 25) 13 September Top 15 Selection 2020 Q & A Session
  15. 15. F10 Acceleration Lifecycle / Roadmap 2018 Ideation Problem/ Solution fit Product/Market fit Launch MVPStage Goal Action Output Masterclass Key Topics Milestones Get in Love with the customer problem • Start Program • 2 Week Masterclass • Project mgt. basics • Understand the customer • Reduce risks • Accelerate the idea • Vision, mission 15 customer problems understood Week 1 + 2 Demonstrate that idea represents a problem worth solving • Develop & test prototype • Validate problem / solution fit • Understanding customer forces • Prototyping • UX design basics • Business model • Strategy Customer problems and possible solutions validated Week 8 • Customer problem validated • Clear vision, mission • Risks identified & mitigation planed Demonstrate business model is working on a small scale • Further validate problem / solution • Test business model with market • Marketing, branding & communications • Getting investment ready • Market regulations • Contribution margin calculation Solutions tested with the market Week 12 • Validated prototype with customers • Validated business model • Unique value proposition • Clear picture of MVP Win first paying customer Run proof of concept with corporate partner • Finding the needed investment • Launch MVP on the market • Go to market strategy • Investordeck • Investorday • Demoday MVPs launched Week 17 + 26 • MVP development planed & started • Customer acquisition planed & started • Investor Deck finished • Business plan & case finished • LOI with Corporate Partner signed
  16. 16. F10 Acceleration Lifecycle / Roadmap 2018 Ideation Trend Workshop with each Corporate Member Startup Selection Startup Scouting Trend analysis Problem/ Solution fit Product/ Market fit Launch MVP Stage Goal Action Understand the important & maturity of Key Trends Output FinTech Trend Report Scout active for the Startups working on the relevant Trends Find the right Startups 50 Startups short listed • Invite 30 Startups for speed date • Corporate Partners select Startups Pick the right Startups 15 best fitting Startups Masterclass Key Topics Milestones Get in Love with the customer problem • Start Program • 2 Week Masterclass • Project mgt. basics • Understand the customer • Reduce risks • Accelerate the idea • Vision, mission 15 customer problems understood Week 1 + 2 Demonstrate that idea represents a problem worth solving • Develop & test protoype • Validate problem / solution fit • Understanding customer forces • Prototyping • UX design basics • Business model • Strategy Customer problems and possible solutions validated Week 8 • Customer problem validated • Clear vision, mission • Risks identified & mitigation planed Demonstrate business model is working on a small scale • Further validate problem / solution • Test business model with market • Marketing, branding & communications • Getting investment ready • Market regulations • Contribution margin calculation Solutions tested with the market Week 12 • Validated prototype with customers • Validated business model • Unique value proposition • Clear picture of MVP Win first paying customer Run proof of concept with corporate partner • Finding the needed investment • Launch MVP on the market • Go to market strategy • Investordeck • Investorday • Demoday MVPs launched Week 17 + 26 • MVP development planed & started • Customer acquisition planed & started • Investor Deck finished • Business plan & case finished • LOI with Corporate Partner signed
  17. 17. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What kind of Startups is F10 looking for? We focus on early stage FinTech, RegTech and InsurTech Startups from all over the world.
  18. 18. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What is the offering for the Startups? We help the Startups to further develop their product and launch it on the market. We reimburse a total of CHF 15’000.– expenses for each Startup (if they reach the milestones). We offer free office space in Zurich – Switzerland for 6 months. We put you in the spotlight for 6 months and open doors for you. We connect the Startups with the C-Levels of the Corporate Partners.
  19. 19. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session 6 months is very long time for an Accelerator Program. Our goal is that the Startups find their first paying customer; and we know from our experience that working with Banks and Insurances takes quite some time.
  20. 20. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Why is F10 not taking any equity? Two reasons: 1) We are a non-profit organization. Our Corporate Partners mainly want to learn about the technologies, the business models and launch Products together with the Startups. 2) We want to coach the Startups as good as possible and help them to bring the best possible solution to the market. We believe that if we would invest money in you, we couldn’t do that.
  21. 21. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Is F10 investing in Startups? F10 has the option to issue a Convertible Note in the Startup during the Program At the next financing round of the Startup, the convertible converts into equity with a cap of CHF 255’000 The Startup has the ability to rate the F10, the Program and the Coaching to determine the convertible amount The performance rating will take place after the deliverables of each milestone
  22. 22. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How does it work with the Masterclasses? At least two co-Founders from your Startups must be in Zurich during the Masterclass Weeks (6 Weeks).
  23. 23. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Do you help Startups with getting a Visa for Switzerland? F10 can not help the Startups to get a visa for Switzerland. Therefore the Teams only have to be present in Zurich for 6 weeks. Startups should be able to attend this 6 weeks with a tourist or an education visa.
  24. 24. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session What kind of trainings does F10 provide? Many different like; Pitch Training, Structuring your Value Proposition, defining you Vision, Team Building, User Experience, Marketing, Founding and Funding a Company in Switzerland, Legal and Regulatory etc.
  25. 25. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session Not all of us are working 100% on the project is that a problem? We only pick 15 Startups per batch. During the 6 month we help them night and day with our heart and soul to be successful. Since we give are all for the success of the Startups, we expect the Founders to work fulltime on the project. Therefore we only accept Startups where at least two persons work 100% on the project.
  26. 26. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session We already have an MVP, can we still apply? If the Startups is willing to question their launched product, and if needed to pivot the product, then we can also accept teams who have already launched their product. Nevertheless our main focus is on very early stage Startups who have at least a validated prototype.
  27. 27. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session We are not incorporated, is that a problem? Not at all. We help you to get incorporated in Switzerland.
  28. 28. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How does the selection process work? 1) Applications will close on June 2nd 2) F10 invites Top60 for an Online Interview (25th June – 2nd July) 3) F10 selects Top25 for 2-Day Speed Dating in Zurich (22nd – 23rd Aug) 4) Corporate Partners from F10 select Top15 for Program 5) Program starts October 21st in Zurich - Switzerland
  29. 29. Frequently asked questions F10 FINTECH INCUBATOR & ACCELERATOR Q & A Session How do I apply? Go to www.f10.ch and apply for it until June 2nd.
  30. 30. Great to have you on board! Please contact us for any further information thomas.landis@f10.ch / james.sanders@f10.ch / lisa.Schroeder@f10.ch

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